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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

Laguna Park

Laguna Park could go at 20% discount to initial tender
Channel NewsAsia: 26 Oct 2009

$1.2b Laguna park en bloc sale bid fails
Straits Times: 17 Oct 2009

Tender for Laguna Park en bloc closes unsuccessfully
ChannelNewsAsia: 16 Oct 2009

'The second bid was from a prominent local developer who expressed interest to pursue negotiations with the majority owners.'

This doesn't sound unsuccessful to me.

Local developers like their closed door sessions to strong-arm weak committees with unreasonable deadlines. I hope their sale committee knows how to play hardball and ALL owners are kept in the loop as to what is happening.

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